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PEP (The Penywaun Enterprise Partnership) is an exemplar local regeneration organisation, anchored in the community of Penywaun, nestled in the scenic valley of the River Cynon in Central South Wales, where the past 150 years has witnessed significant change. Once, coal and mining were synonymous with the Welsh Valleys. Recent decades, however, have seen the marked decline of heavy industry, leaving an equally weighty challenge of shaping a new society, environment and economy in its wake – a challenge taken up PEP.